JCI On Wednesday Opened Up 0.04 Percent To Level, 4,628.83

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened higher on Wednesday trading, May 27. JCI was able to slightly strengthen 0.04 percent or 2.03 points to the level of 4,628.83.

Opening trades, 38 stocks rose, 7 stocks fell, and 16 stocks remained stagnant. The trading volume was recorded at 23.48 million shares and was transacted for IDR 20.95 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi also predicts that the JCI will move in the green zone today. Technically, the index will move at the level of 4,579 to 4,790.

One of the factors, said Lanjar, is the United States (US) unemployment claims data. In addition, the WTI crude oil price rose past US $ 34 per barrel in New York.

"Market players hope that there will be a rebalance in oil prices after the decline in production," said Lanjar in his research.

Stocks that can be examined technically today are PT Ace Hardware Indonesia (ACES), PT AKR Corporindo (AKRA), PT Bank Central Indonesia (BBCA), PT Barito Pacific (BRPT), PT Bumi Serpong Damai (BSDE) , and PT Unilever Indonesia (UNVR).

Meanwhile, Binaartha Sekuritas analyst M. Nafan Aji Gustama said the JCI would be overshadowed by sentiment from the implementation of lockdown restrictions in developed countries as well as large-scale social restrictions (PSBB) in the country.

Technically, said Nafan, there is still a chance to strengthen JCI today. As for a number of share recommendations that can be considered by investors, including PT Agung Podomoro Land Tbk (APLN), PT Sri Rejeki Isman Tbk (SRIL), and PT Sarana Menara Nusantara Tbk (TOWR).